In relation to the Least Developed Countries Fund, the SBI noted with appreciation that the GEF Council had approved arrangements for the operation of the fund, and that the GEF secretariat had acted quickly to mobilize resources based on an assessment of the financing needs and had convened consultations with potential donors at which resources had been successfully raised; The SBI welcomed the progress made by the GEF in addressing the responsiveness and efficiency of the project cycle.
d) El OSE tomó nota de los esfuerzos realizados por el FMAM, como entidad encargada del funcionamiento del mecanismo financiero, con objeto de facilitar información útil sobre la aplicación de las decisiones pertinentes de la Conferencia de las Partes, y se congratuló de las medidas adoptadas por el FMAM para financiar las actividades relacionadas con la Etapa II de las actividades de apoyo en los países en desarrollo.